Merchants Bancorp “expects profitable growth in the coming years”

Michael J. Dunlap, President and COO of Merchants, commented, “Looking ahead, we remain focused on leveraging our financial flexibility to drive sustainable growth. Despite increases in nonperforming loans over the last few quarters, delinquencies have declined, and charge-offs have been minimal. Our strategic initiatives, including the recent credit risk transfer transactions, as well as common and preferred stock offerings, strengthened our capital position and further mitigated risk. We are confident in our exceptional team’s ability to continue delivering profitable growth in the coming years.”